About your Search

20130109
20130109
STATION
FBC 8
MSNBCW 7
CNBC 3
CNNW 3
CNN 2
CSPAN 2
KNTV (NBC) 2
KQED (PBS) 2
COM 1
CSPAN2 1
KPIX (CBS) 1
KQEH (PBS) 1
KRCB (PBS) 1
( more )
LANGUAGE
English 43
Search Results 0 to 42 of about 43 (some duplicates have been removed)
this over the budget. >> goodbye fiscal cliff hello debt ceiling. >> the fiscal cliff fight was ugly but will the debt ceiling struggle be eveninging uglier. >> hard to believe but this could get uglier. [ laughter ] the government is aetch perfecting the legal limit for how much kit borrow also known as the debt ceiling. republicans can demand that the president make spending cuts or we'll hit the debt ceiling and go through it. [ laughter ] or get crushed by it or you know what? we might have to make a skylight in it. sounds nice. it's pretty but they rarely get caulked properly and when it rains, it drips and ruins your sisal carpet. the republicans are clearly in a strong position but the president might have a trick up his sleeve. >> is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and a congressman are suggest a $1 trillion platinum coin could be minted and the government could use it to pay the debt, avoid default and preempt the debt ceiling crisis. >> stephen: we should have known that a coin was obama's solution to everything. i
and the debt and debt ceiling and lots of discussion about that, budget cuts, spending cuts possibly coming up the top republican on the nature side they may not get to gun control until the spring. richard. >> a lot of political capital will be spent on those issues. thank you so much. >> more turbulence for boeing's dreamliner. a fuel leak on a 787 forced it to cancel takeoff and return to the gate. one day later, a different plane also at logan caught fire. it was empty at the time. united airlines, the only american airier to operate the dreamliner said it has ordered inspections of all of its 787s. it's not a serious problem given the high-tech plane but they warned it could still undermine consumer confidence. >>> the government is calling for an urgent review of the nation's arctic offshore drilling practices in the wake of a series of missteps voflg the shell oil company. this week's grounding of a shell oil rig off the coast of alaska is just the latest in a string of blunders zaents involving the company's ship and support equipment. the 60-day assessment could halt or scale back pla
yesterday. >>> to our top story a debt ceiling disaster could be coming sooner than expected. a new report by the bipartisan policy center says without congressional action the u.s. will smash into its borrowing limit as early as mid-february. are we doomed to default or will lawmakers be able to get the ball rolling and solve this crisis? i don't know. we have a money power panel to help us sort it all out. the former tennessee governor, phil bredesen, from the fix the debt committee. douglas holtz-eakin formerly of the cbo and evan bayh, former senator and fox news contributor. wow what a power panel. i hardly know where to start. phil, you think it is appalling we gotten this far. why? >> i just think play games, the political games with the faith and credit of the united states is a crazy position to be in. like playing with fireworks and playing with matches in a fireworks factory or something. i understand the need to deal with entitlements and to reduce costs on that but there are other ways of doing that. there is the whole sequester thing coming up down the road. i just think it i
benefits. who can blame you? the aarp demand congress not touch benefits as it discusses the debt ceiling. there is said general agreement social security is not the most troubling program for the president calls it structurally sound but others maintain it is stable. but to academics from dartmouth say that may not be the case. they say the security administration under estimates how long they will live in under estimate as much as $800 billion short and the fund will run out of money before the government even says with people giving up smoking and eating better that live longer and demand benefits longer. forecasting has barely even changed since 1935. 77 years we do it the same way. to ignore the future social security is a big mistake now spending $49 billion more of benefits and to cover the shortfall people age 65 and over will reach 80 million and 2040 social security payments will jump 70% in the decade ending 2011. it is a system that is broken and raising the retirement age are tweaks that need to be made to see if congress has the stomach for it. what do you think? drop me an
shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know what goes on at the world's financial capitol. this is about guys who used to look after the currency and about guys who are going to have to deal with republicans over the debt ceiling and according to every leader that i have talked to, he is poison to republicans
. with the fiscal cliff in the rear view mirror, raising the debt ceiling is washington's next big drama. we look at why its so important. >> susie: i'm susie gharib. that drama, could have a new cast member, we're learning the president will nominate jacob lew as his next treasury secretary. >> tom: and with its reputation already on the ropes, a.i.g., the big bailed-out insurer, decides against suing uncle sam. >> susie: that and more tonight on "n.b.r."! >> tom: there could soon be a new signature on the dollar bill, jacob "jack" lew is said to be the president's pick to replace treasury secretary timothy geithner. that nomination is expected tomorrow. should he be confirmed by the senate, one of lew's first challenges will be dealing with the rapidly approaching debt ceiling. darren gersh reports. >> reporter: assuming he wins senate confirmation, jacob "jack" lew will take over a treasury that is rapidly running out of cash. the federal government has already hit the debt ceiling. and the only way the government can pay its bills is by using accounting gimmicks to move money around. those tr
you mean by that? and what's the context that should be in as we look to these next debt ceiling negotiations and everything else? >> well, if you look at the absolute level of debt, it is up. that hasn't changed. connell: what's our goal? >> the goal is to get below i think bernanke said 3% of gdp or something similar to that level. and again, we're high. we're very high, so i'm not coming across saying gee don't worry about it, everything is great, but that's not the point. the point is it's improving. the reason it improves connell is because tax receipts -- this is very important because tax receipts are improving. why are tax receipting improving if -- tax receipts improving because we have slow economic growth? because ben bernanke is making capital turn over. the guy printing the money keeps telling you he's going to make you take risk, and the reason he's making you take risk because it turns over capital, and when you turn over capital you have increased tax receipts. connell: up 75 on the dow right now. are we even close to a point where that kind of gravy train ends? >
the supreme court involved in the debt ceiling, and we will take you to the annual gathering of each and gadgets that the consumer electronics show in las vegas, including the world's first smart fork. i'm not making that up. they say it will appeal lose weight. stay with us. ♪ gerri: we are covering in like a blanket. what is the ♪ gerri: the world's biggest annual consumer electronics trade show. kicking off today in vegas. he would collect some of the year's most wacky gadgets is paul reynolds, an electronics editor for "consumer reports." good to see you. you have some pretty silly stuff there. i want to hear all about the smart for that is going to turn me into some kind of stuff person. how does that work? can you show me? >> this is a $99 gadget. and what it does, it is called the happy fork. what it does, it actually keeps track of how quickly you eat. you can program it to tell you if you are eating more quickly than you should to lose weight, for example, or if you have acid reflux, and it will program you to eat more slowly which is shown tell people reduce weight. you
to 3% or 4%. >> couple of quick things. debt ceiling. government shutdown. do you believe the debt ceiling should be used as leverage? >> we have three impending moments. the debt ceiling, the continuing resolution to fund the government, and then the sequester spending cuts that have been delayed for 60 days. no one in the republican conference is talking about a default on our sovereign debt. but we do need to use these moments to address the spending explosion that we've seen in the last four years of the obama administration. >> are you saying you want to say debt ceiling, maybe set that aside and focus more on the other two? >> i'm saying the treasury has more than enough tax receipts every month to pay the interest on our sovereign debt. so there's nobody but barack obama who's talking about a default on our sovereign debt. we can prioritize payments on a monthly basis to ensure there's no default. then we can have the hard negotiations necessary to get spending back under control. >> you are saying, hey, don't raise the debt ceiling. make treasury -- >> unless there's real s
is negotiated on the debt ceiling before. >> the republicans called him transgent and arrogant. last time around. there is bad feelings there. >> bret: democrats may say it's a badge of honor. >> yeah. people like me say no. this is one, i think everybody is expecting this choice. i don't think it will have trouble going through. the hearings are what is important here. getting concessions from the nominees, to show where the administration wants to go moving forward. how they are going to be carried out. >> despite hagel you both suggest could be a bumpy ride and close vote. you both suggest that all the nominees will likely get votes necessary to get through. but there is a broader policy discussion that happens in these hearings. >> look, every administration when they go through the process of nominees in the first or the second term, you are in essence paying for it. >> you are able to extract concession. you spend time on it. the more time you spend on the nomination the less time you spend on other things. they require the administration to create quick policy. this is the first time that
's white house briefing with chick party who talked about the debt ceiling. he did not confirm news reports nomination for treasury secretary. earlier today from the white house. >> good afternoon, ladies and gentlemen. thank you for being here. i have an important personnel announcement to make. i am kidding. i will go to the ap. >> it has been widely reported that jack lew was the president's choice for commerce secretary. -- treasury secretary. [inaudible] >> let me say two things. i do not make cabinet level presences. the president does. i will not get ahead of the president. when he is ready to make an announcement about his next treasury secretary, he will make an announcement. secondly i would say jack lew has been and continues to be an extremely valuable adviser to the president. over the quarter of a century he has been an integral part of some of the most important budgetary, financial and fiscal agreements in washington. he was there when social security was reformed, he was there when tax reform passed at the table. in the 1980's. he was the cabinet level director of omb for p
. >> the issue right now and the conversation has been the debt ceiling, which we are about to smack up against. the doom and gloom reporter every morning about the debt ceiling. so spending and debt ceiling to a large degree, while they are connected, they are different conversations. debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase, the tax part of his balanced approach, when he came out and said, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money that has been committed by congress. it's been committed by the very people who will fight over whether we should pay th
, in the context of that dialogue and the need to raise the debt ceiling and the focus now on spending cuts, it will be interesting over the next few weeks to see were corporate tax reform falls out on that conversation. >> i made my way over here. >> david. can you tell us what is your top legislative priority this year? >> we have a lot of priorities. as i mentioned in the earlier comments, the first one is to encourage government and policymakers to do no harm. if we look at the game changing opportunities occurring in the energy area, it is truly revolutionary. so our first council of look to our priority is to say don't do anything that would discourage that investment and economic activity. so when we look at priorities, we first look at issues like regulatory regimes. we look to the congress and say, what else can we do to open up other areas for access? we're not talking about national parks. we're not talking about sensitive areas. we're talking about areas that have potential for vast oil and natural gas development. where the industry would be prepared to invest billions of dolla
on the horizon, of course, is this debt ceiling debate that's going to start, it's already started and that's coming up very soon. and that may be another fiscal cliff, cliff hanger as we approach that magical date. and who knows what the market's going to do when we run up for that date, that time line. nonetheless, the market is opening up now, this wednesday morning and again we're expecting a small gain and the opening trend will be slightly higher for the dow industrials, there you have it slightly higher. first, we heard it. the first that we heard was that a phone for the chinese markets, we reported that yesterday. it will be a new iphone, a cheaper iphone, give to the chinese market. we opened up the show with that news and our partners at the wall street journal reporting the very same story that apple is working on a lens expensive iphone. nicole, is this having any impact on the stock at all. i'm not sure which way-- >> slightly to the down side. no big lose yet. a lot of this news a lot of times comes out and it's all about the dollars and cents. what will be their margin, how
about shutting down the government revolve around the debt ceiling debate. i do not think it is a debt ceiling debate. the question is simple, do we want more debt or less debt. people like ted cruz and his colleagues say we should have less debt. republicans want less. the democrats want more get the same thing is to continue on the path we are on -- more. the insane thing to do is to continue the path we are on. we endorse responsible behavior. the only thing more irresponsible in shutting the government found it is continuing to suffocate ourselves in debt. we have 86 trillion dollars in unfunded liabilities the we have no idea how to pay. the previous guest said we could raise taxes on rich people. you could confiscate the wealth of every rich american, a new would be 30% short of the promises we have made. you cannot tax your way out of this. you need fundamental reform. we need to be serious about this. the pain of a temporary shutdown will pale in comparison to continue on the path we are on. host: what to make the fiscal cliff deal? guest: there was no good outcome. we oppose t
's talking about the fiscal cliff. rightfully so. >> you mean the debt ceiling? >> yeah, fiscal cliffs i would call it. because i think there will be an interesting debate that we haven't really embedded in the market yet. >> we fixed the fiscal cliff. we're done. we're all good. >> i think we're going to be hearing more about this cliff in the second round. we've already heard it -- >> it abyss? the debt ceiling or abyss? our -- >> both. >> our long-term problems or the debt ceiling? both? >> both. absolutely both. you know, it's maybe early -- >> everybody's got the leave off the zeros, it's compelling. making $22,000. we're spending 38, adding $16,000 to our credit card every year. >> and you owe -- >> we already owe $150 -- $162,000. that does -- that hits home. can you imagine a household trying to operate like that? >> people write back that the analogy is flawed because the household, as a household you're earning currency -- it shows how much we've overspent. >> we cut -- and we raised $38 or something. >> it's too small, right? at $600 billion over ten years, it's not even a dro
of government. and today we learned that the united states government may reach the debt ceiling earlier than expected, possibly as soon as february 15th. speaker boehner even floated the idea of having monthly debt ceiling increases in a recent "wall street journal" article. as think progress points out, maybe he got the idea from grover norquist. >> they can give him debt ceiling increases once a month. they can have him on a short leash, on a small here is your allowance, come back next month if you have behaved. >> wait, you're proposing that the debt ceiling be increased monthly month? >> monthly if he is good. weekly if he is not. >> if he is a good guy. let's bring in bob shrum, professor of public policy at nyu and contributor for daily beast. howard fineman with us tonight, nbc news political analyst and editorial director of the "huffington post" media group. gentlemen, great to have you with us. we want to talk to you on a number of different subjects with both of you tonight. but first, let's start with the debt ceiling. howard, don't republicans know this is a big potential loser
for the president to pull the country away from the debt ceiling without giving into republicans. all he needs is treasury secretary tim geithner and a trillion dollar coin. the plan revolves around a loophole in which the coinage act which allows the treasury secretary to issue a platinum coin at any denomination he want so geithner could order a $1 trillion coin mint and use the coin to buy back debt from the fed, pulling us away from the debt ceiling and avoiding another showdown with republicans. this isn't some pie in the sky plan devised by economic wonks or sci-fi fans, it actually has supporters in congress. specifically new york democratic congressman jerry nadler who has proposed bringing the idea to the floor to use as a bargaining chip saying it sounds silly but it is legal and it would normally not be proper to consider such a thing except when you're faced with blackmail to destroy the country's economy, you have to consider things. well put. joining me now is our own platinum panel starring professor at brown university and current contributor trisha rose, forbes contributor ric
: at around the same time, the debt ceiling, that is where they think the democrats fail and the republicans are in a corner. so the republicans can risk of grabbing the feed defeat from the jaws of what would appear to be this problem. >> as you remember, it was midway through 2011. 1.5 years years ago. the president of the united states said he was going to drive us off the edge of the world. neil: to be playing it fair, he has been playing it more cleverly than the republicans. >> you are comparing the fiscal cliff where the president had all the power. >> i am comparing 2011 and the way he played an extended all the bush rates. perhaps he feels cocky. i feel like noster dominus. >> now that his job is secure, he is raising taxes. neil: democrats seem to say that we are to put you put you in another boxer and if it were up we are going with a. >> two things the sequester, which isn't on $1.2 trillion cut in the budget is not -- [talking over each other] [talking over each other] >> remember that timothy geithner said that the debt ceiling was january 31. just trying to mesh that with the
tomorrow to replace timothy geithner. lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomination is, surprise, creating consternation among who else, congressional republicans. after calling chuck hagen an in-your-face nomination outside of the mainstream, the pugnacious gop has already made known its displeasure with jack lew, calling his nomination controversial, a mistake, and worst of all, irritating. according to senator mike johanns of nebraska, i just think there are economic policies in this administration that haven't been well received and jack lew is in the middle of that. you heard that correctly, america, president obama intends to name a treasury secretary who agrees with his
to a big start by taking the week off. >> not just the debt ceiling, but there is also the sequester. >> republicans are not going to play ball in the sequester. >> this is packed with responsibility. >> republicans are saying they have leverage. >> we have to use whatever leverage we have. >> what happens to the leverage? >> actually, misunderstanding the situation. >> a different set of nuts. >> i'll go back to my original question. >> i know what your question is. >> how far are you willing to take this strategy. >> would you rule out a government shutdown? >> i helped close the government twice. i think that is a dead loser. >> hopefully we don't get to that point. >> a place for politics. >> well, i got 98% of what i wanted. i'm pretty happy. >> the republican party losing streak continued today as a new poll shows that republicans also lost in the public perception of the fiscal cliff negotiations. "the was post" shows that 30% approve the way house speaker john boehner handled fiscal cliff negotiations, 56% don't approve, 53% approve the way president obama handled negotiation
with immigration, it has to deal with what one hopes gun issues, with the debt ceiling, they are their band is not broad enough for them to undertake another major examination of something where they will say, hey we just did that. let's see how it plays out. you also don't have a consensus right now. truth be told, i don't think the votes are there to revisit these issues. you have a republican block that wouldn't go for anything stronger and a lot of democrats that wouldn't be there. i don't think we will get new legislation. we may get rule making but another legislative effort i don't think that will happen. >> the think about the sec, something that has come out recentlied, the sec has asked for corporations to release how -- what their political activities are. >> it's funny, i have been calling on shareholders to make the same demand of corporations for many years. one of the things, in the last moment here, i think ownership trumps regulation. we own these through our pension funds, the endowments universally have shares, mutual funds which we invest
the fiscal ceiling, the debt ceiling -- if we avoid that, we have it in our hands, and we can generate positive growth. we are seeing some good indications in the markets that have pretty much the debt here in the u.s. the building and construction market. for four years it has been dead. now suddenly we see it is coming back to life. this will only be coming back to life if we send strong comfortable messages and not have a discussion about the fiscal cliff and now the debt ceiling and then probably the next one. we need to continue to generate confidence. and if we do that, i think we will have nice markets here, automotive being one of those in the u.s. aerospace, very important. we could see, also a rebound in the building and construction market. >> susie: you mentioned the word confidence, and the word that we mostly hear from any business companies, they use the word concern. you've heard this all the time. how does that impact alcoa. how does it impact your order? >> well, it impacts them -- for instance, let's go to the smaller medium business owners in the truck business. all
on these fiscal matters, he did run the office of budget during the debt ceiling negotiations and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the s
ready to face off with congress over the debt ceiling, gun control and immigration. the latest on a grew some murder trial underway in phoenix right now for the woman who claims she shot her boyfriend, stabbed him over and over again and slit his throat but all of it, she says, was self-defense. >>> plus, could diet soda cause depression? we'll talk to dr. manny. it is all "happening now." jon: a lot of news to get to today but we begin with this fox news alert on a brand new outbreak of a fast moving and very contagious disease. good wednesday morning, everybody. i'm jon scott. jenna: we're talking about a new strain of norovirus first emerging in australia. known because of that acid any 2012. now it is hitting the united states in 2013. adam housley has more on all of this. what is going on? >> reporter: this is being watched all across the country. this is flu season and flu outbreak numbers have gone up across the country. this is not flu. a norovirus, gastrointenstinal virus. when you have a new strain goes up by 50%. this strain first showed up on the scene in australia back in se
go again, in the next major debt battle which has to do with the debt ceiling, the next chapter of this whole thing. they gave up on the tax hikes in the fiscal cliff deal. democrats have promised to deal with cuts during the next fight and extending the nation's credit card limit but critics say the potential nomination of the white house chief of staff jack lew to treasury secretary shows president obama has no intention following through on cuts. here is charles krauthamer on this last night. >> he is not interested in spending cuts. he is not interested in reform. he wants to defend the entitlement state. he wants to defend obamacare. even add on to it. he calls it investments. of course normal people would call it spending. and lew is the guy you want if you want to hold the fort what i call reactionary liberalism. you have the great achievements of the last century in building an entitlement state. he is the guy who would defend the for the. martha: great achievement in building entitlement society. says charles krauthamer. we have marjorie clifton and braid blakeman. good
-- >> he's raiding, he's raiding. >> he's reinvestments right now to stave off default of the debt ceiling. >> greta: today has there been any discussions that you know of between the white house and capitol hill what to do about the debt ceiling or sequestration by the principals? >> not that i know of. right now we're seeing posturing that happens, republicans are saying that there has to be an equal number of spending cuts for every dollar the debt ceiling is raised and the white house making it clear their position, they're quote not going to negotiate on the death ceiling or held hostage. we're kind of at a stand still. >> greta: and i know you're reporter and comment, the idea that we're going to go broke in weeks, and no more money under stones and downgraded, and not able to meet our obligation, internationally and fact that the principals aren't talking and posturing is appalling. and any plans to, timothy geithner is going to be leaving before this is resolved as secretary? >> looks that way, looks like very soon to be an announcement, jack lew chief of staff to president obama w
about the debt ceiling on cnn. take a look at this. >> in the coming weeks congress will once again grapple with america's spiraling national debt currently around $16 trillion. the exact figure is calculated constantly by the national debt clock, a clock, costing nearly $4 bill per day to operate the national debt clock is the cause of most of the national debt. more news after this. >> i didn't know that. $4 billion to operate the clock. >> that's why letterman said let's just unplug the clock and we'll solve the whole debt problem. very, very funny. >>> now to a story that's not so funny and causing a lot of concerns. boeing's groundbreaking 787 dreamliner was delayed for years because of produced trouble. now the company is dealing with two new 787 incidents in the past two days. >> boeing's stock is falling after the latest problems with the dreamliner. as mark strassmann reports, one of those jets sprung a leak yesterday before takeoff. >> reporter: as the boeing 787 dreamliner taxied to the runway approximately 40 gallons of fuel leaked from the aircraft
was the chief of staff. it seems for the next six months or so between the debt ceiling debate, the sequestration debate and the new budget that hopefully we bring in, that is going to preoccupy washington. he doesn't really have a lot of experience on the regulation side of things, which may cause some people on wall street to be concerned. but we're not really in a political environment, brooke, where the -- neither the white house nor most people are concerned with whether or not wall street likes the pick. but he is -- he's a guy who had experience. he was involved in the 1997 balanced budget deal. he's been involved in social security legislation. all the topics that are hot right now, jack lew does have experience with. >> you mentioned sequestration, of course. we have a couple of fiscal cliffs over the next two months. do we have any idea what kind of negotiator he'll be and he'll drive a tough bargain with the speaker of the house, john boehner. >> as the chief of staff of the white house, that's a key issue. you got to be able to be tough, you got to be able to negoti
to the debt ceiling fight. we'll previau bank earnings which are about to kick o.those more than anything else could drive the markets in the coming weeks and aig will not join in former chief hank greenberg's lawsuit against the same u.s. taxpayers that bailed the company out. aig ceo bob benmoschy will be here. >> first take a look at the markets. what we're seeing is we have the markets higher though it's well off the highs. up 90 points on the dow industrials and we're up 34 points on the dow jones industrial average, 13,363 and the last trade on nasdaq has given up some of the oomph of earlier and the standard & poor's 500 has a similar chart pattern with a gain on the session of just 1.5 point, eking out positive territory. gentlemen, good to see you. thanks so much for spending the time. >> hi, maria. how are you? >> let's talk about this market because you certainly have a fair amount of issues that could seem troubling, and yet we continue to see money finding a home in equities. what do you think is behind that? >> if you look over the last five months, you've had a huge risk-on rall
as we approach this battle over spending cuts with regard to the debt ceiling we know that jack lew has been sympathetic, supportive of president and his agenda, supporting entitlements, supporting spending and what not. so what's your take whether or not we'll get meaningful spending cuts with a treasury secretary like jack lew? >> well, i think when you look at jack lew's background and compare him to say tim geithner, the present treasury secretary what you see is a couple things. one, this is a guy who knows capitol hill very well. he has spent a lot of years on the congressional staff. all of it working for democrats. he worked for tip o'neill. he worked for joe moakly. unlike tim geithner who never worked on capitol hill he has a sense how to get deals done in congress. secondly he comes from the liberal wing of the democratic party. i talked to him when i worked on my book about the budget, red ink, last year. he believes in the power of government. he is not going to be very sympatico with people like paul ryan who believe the whole role of the budget exercise is to shrink the g
the debt ceiling. >> it is congress' responsibility to ensure that the bills congress racked up are paid. >> reporter: just one of several looming showdowns as the president prepares to kick off his second term. >> what you're seeing is a more aggressive barack obama, someone who is looking more at polishing what his place in history will be, the mark he wants to leave on the country in the next four years. and that, in some ways, means a more contentious relationship with congress. >> reporter: and some serious people, matt, are floating an idea to try to avoid that debt ceiling crisis, proposing that the treasury department mint a platinum trillion dollar coin. you would put that coin away in the federal reserve and then if necessary, you would spend it to help pay off the money that the u.s. owes. if that did happen, an idea some would call ridridiculous, you wd hate to be the person to put that coin in the million dollar meter. >> not a good thing, peter. thank you. >>> new jersey governor chris christie made some headlines recently when he called out gop republicans for postponing a
Search Results 0 to 42 of about 43 (some duplicates have been removed)